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Cuy Sheffield: DAO tooling startups saw growth from 2020 to 2022

Cuy Sheffield: DAO tooling startups saw growth from 2020 to 2022
DAO tooling startups from 2020 to 2022

Startups focused on tools for decentralized autonomous organizations (DAOs), including Utopia Labs, Syndicate, and Bonfire, appeared during the 2020 to 2022 period. Rain initially provided stablecoin-linked cards to help DAOs pay AWS bills, and groups like ConstitutionDAO and PartyDAO played roles in bringing DAO-related innovations to a wider audience.

Cuy Sheffield, vice president and global head of crypto at Visa, reflected on this wave of DAO tooling startups and developments.

Earlier this year, Cuy Sheffield highlighted Visa’s expansion of its crypto team following the Atum announcement. He also announced a partnership between Visa and Lloyds Banking Group for a seven-day stablecoin settlement pilot. Both moves reflect Visa’s ongoing involvement in digital asset infrastructure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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